Learn Before
Decline of Agriculture's Economic Dominance
Arthur Lewis
Sir Arthur Lewis (1915–1991) was a Nobel laureate in economics, knighted for his contributions to economic development. Born in Saint Lucia, he is renowned for his model explaining the structural transformation of an economy, which he detailed in his Nobel-winning essay, 'Economic Development With Unlimited Supplies of Labour.' Lewis was inspired by classical economists such as Adam Smith and Karl Marx, and he aimed to re-center contemporary economics on their core questions regarding how income growth and distribution are determined together over time. He initially wished to be an engineer but pursued economics instead, believing racial discrimination would be a barrier to employment in engineering.
0
1
Tags
History
Humanities
Economics
Social Science
Empirical Science
Science
Economy
CORE Econ
The Economy 1.0 @ CORE Econ
Ch.1 The Capitalist Revolution - The Economy 1.0 @ CORE Econ
Related
Share of Non-Agricultural Labor Force (1300–2019)
Arthur Lewis
Imagine a country over a 50-year period experiences a significant technological revolution, leading to a rapid expansion of its manufacturing sector. The total economic output of the country triples during this time. Based on the typical pattern of structural economic change observed in modern economic history, which of the following statements most accurately describes the likely transformation of this country's agricultural sector?
Critiquing an Economic Argument
Analyzing Structural Economic Change in Country Y
The decline in agriculture's share of the total economy during the rise of modern economic growth was primarily caused by a significant and sustained fall in the total volume of agricultural production.
During the period of major structural economic change that saw the rise of industrial economies, different sectors of the economy experienced distinct shifts in their relative importance. Match each economic sector with the description of its typical trajectory during this transformation.
Explaining the Paradox of Agricultural Growth and Decline
A key feature of the structural economic change that accompanied industrialization is that even as total agricultural production often increased, its ______ share of the total economy declined due to the much faster growth of the manufacturing and service sectors.
Arrange the following events to illustrate the typical historical sequence of a country's structural economic transformation away from agricultural dominance.
Interpreting Economic Data on Structural Change
Evaluating a Development Strategy
Learn After
Arthur Lewis's Model of Economic Development
Racial Discrimination as an Employment Barrier in Arthur Lewis's Experience
Arthur Lewis's Early Academic Aptitude
Arthur Lewis's Tutelage under Friedrich Hayek
Lewis's Revival of Classical Economic Questions on Growth and Distribution
Arthur Lewis's 1954 Publication: 'Economic Development With Unlimited Supplies of Labour'